The truth is that we all need health insurance. And your children, too, need a policy. Can you buy affordable health insurance for kids?
Before you look for affordable health insurance for kids, you should first check your coverage. Your children could already be covered by your own insurance.
However, it only happens if your kids are under 26 years old. If your kids have reached that age, or if adding your kids to your current plan would cause financial struggle, then you can opt for health insurance for kids.
Health Insurance for Kids Options
There are several options available for kids. More and more insurers are offering plans for kids. Some policies include services, such as yearly checkups, immunizations, and vision screenings, among others.
If your kids have existing health issues, they can’t be denied coverage.
Insurance companies also can’t charge you with higher premiums because of your child’s health condition.
With health insurance, you can make your child’s healthcare more affordable, especially if your kids need frequent visits to a healthcare provider.
Choosing a Health Insurance for Kids Policy
When you’re shopping for health insurance for your kids, there are various terms you need to remember. But the most important ones are premium and deductible.
Premium is the total amount you pay every month to ensure your policy remains active.
Then, the deductible is the amount you have to pay every year for the services your kids need before their plan starts to provide coverage.
If you obtain low premiums, you will have to shoulder higher deductibles. Now, if the plan has higher premiums, the deductibles are low.
For the coverage, it’s different depending on the level you purchase.
If you purchase a bronze plan, then it comes with a low premium but with high deductibles. Although it gives you enough coverage, you may need to pay 60% of the overall healthcare cost.
For catastrophic insurance, it protects your children in the event of an illness. However, this level of coverage is only available to people younger than 30. It has low premiums but high deductibles.
Gold plans and silvers plans come with average premiums and moderate deductibles.
If you want the highest level of coverage, you can go with platinum plans. They have high premiums but low deductibles.
All plans can offer discounted fees to the doctor for routine checkups or vaccinations. Some plans can even cover preventive care. Many of these plans offer discounts on prescription medicines.
The benefits will differ depending on the plan you choose. That’s why before you pick health insurance for your kids, make sure to learn what every plan offers and what’s more important to you and your family.
Children Need Health Insurance
Health insurance for kids can ensure that your children will get the preventive health services they need to keep them healthy. And if they become sick or injured, you don’t have to worry about the medical expenses.
Your kids also need regular visits with their pediatrician to make sure that they are developing normally.
In other words, the health insurance coverage will make sure that your kids are healthy. And if they are healthy, they miss fewer days of school.
Then, they get immunizations to prevent diseases. They also tend to stay healthier than kids who don’t have any health coverage.
And if they suffer from a small or minor illness, they get the right medical care right away. Because of that, such illness won’t become a bigger problem later on.
For instance, if your kid suffers from an ear infection, you can go to a hospital to have him/her treated right away.
Treating an ear infection can cost a lot of money without insurance. But since your kid is covered, he/she gets the right treatment to prevent the infection from worsening. Without proper treatment, it may lead to hearing loss.
They can stay healthy because they get to receive regular checkups and dental care.
Don’t wait for something to happen to your kids before you think about getting affordable health insurance for kids. You can start today to protect the health of your children.
Affordable health insurance for kids is vital to ensure that your children get the medical treatment and preventive health services that they need to stay healthy. Study your current health insurance to find out if your children are covered by your policy. If not, you can buy a policy for your children only.
Are you planning to buy affordable health insurance for your elderly parents? Find out how here.